If an Increase in the Price of a Product from $1

question 74

Multiple Choice

If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then demand is:

• A) elastic.
• B) inelastic.
• C) unitary elastic.
• D) horizontal.

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Definitions:

Illegitimacy

The condition of being born to parents not legally married to each other, historically affecting rights and social status.

Full Strict Scrutiny

A stringent form of judicial review that courts use to determine the constitutionality of certain laws, requiring the law to be necessary to achieve a compelling governmental interest.

Gender Discrimination

Unfair or unequal treatment of individuals based on their gender, affecting opportunities, resources, and benefits.

Full Strict Scrutiny

A legal standard used to determine the constitutionality of certain laws, requiring that the law be narrowly tailored to achieve a compelling governmental interest.